Shanta Gold Limited Director/PDMR Shareholding (9208S)

TIDMSHG

RNS Number : 9208S

Shanta Gold Limited

19 March 2021

19 March 2021

Shanta Gold Limited

("Shanta Gold" or the "Company")

Director/PDMR Shareholding

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces that Eric Zurrin (CEO) and Luke Leslie (CFO) have informed the Company that they have sold 4,868,688 ordinary shares of 0.01p each ("Ordinary Shares") in aggregate over the last few days.

Eric Zurrin has sold a total of 2,045,688 Ordinary Shares (equivalent to 15% of holding) at an average price of 13.3 pence per Ordinary Share and Luke Leslie has sold 2,823,000 Ordinary Shares (equivalent to 27% of holding) at an average price of 13.2 pence per Ordinary Share.

Following the sale of these shares Eric and Luke remain interested in a total of 11,869,086 Ordinary Shares representing 1.1% of the Company's issued share capital and 7,604,396 Ordinary Shares representing 0.7% per cent. of the Company's issued share capital, respectively.

A significant proportion of executive compensation continues to be paid in shares and this is the first sale of shares in four years during the CEO and CFO's tenure as Company Executives.

This announcement is made in accordance with Article 19 of the EU Market Abuse Regulation 596/2014.

Enquiries:

 
Shanta Gold Limited 
Eric Zurrin (CEO)                               [phone] 
Luke Leslie (CFO) 
 
Nominated Adviser and Joint Broker 
Liberum Capital Limited 
Scott Mathieson / Ed Thomas / Louis Davies / 
 Nikhil Varghese                                [phone] 
 
Joint Broker 
Tamesis Partners LLP 
Charlie Bendon / Richard Greenfield             [phone] 
 
Public Relations 
FTI Consulting 
Sara Powell                                     [phone] 
 
   Notification of transaction by   Person Discharging Managerial Responsibilities ("PDMR') 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a.   Name                                  Eric Zurrin 
     ------------------------------------  ------------------------------------- 
 2.   Reason for the notification 
     --------------------------------------------------------------------------- 
 a.   Position/status                       Chief Executive Officer 
     ------------------------------------  ------------------------------------- 
 b.   Initial notification                  Initial Notification 
       /Amendment 
     ------------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------------- 
 a.   Name                                  Shanta Gold Limited 
     ------------------------------------  ------------------------------------- 
 b.   LEI                                   2138004VR5BVV1VD7P81 
     ------------------------------------  ------------------------------------- 
 4.   Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     --------------------------------------------------------------------------- 
 a.   Description of                        Ordinary shares of 0.01 pence each 
       the 
       Financial instrument,                 GB00BOC6R828 
       type of instrument 
       Identification 
       code 
     ------------------------------------  ------------------------------------- 
 b.   Nature of the                         Sale of shares 
       transaction 
     ------------------------------------  ------------------------------------- 
 c.   Price(s) and volume(s)                Price(s)            Volume(s) 
                                             GBP0.135            680,000 
                                             GBP0.14             220,000 
                                             GBP0.1355           100,000 
                                             GBP0.1335           25,410 
                                             GBP0.13             1,020,278 
     ------------------------------------  ------------------  ----------------- 
 d.        Aggregated information 
             *    Aggregated volume 
                                                         2,045,688 
                                                         GBP0.133 
             *    Price 
     ------------------------------------  ------------------------------------- 
 e.   Date of the transaction               16-19 March 2021 
     ------------------------------------  ------------------------------------- 
 f.   Place of the transaction              London Stock Exchange 
     ------------------------------------  ------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 g.   Name                                    Luke Leslie 
     --------------------------------------  ------------------------------------- 
 5.   Reason for the notification 
     ----------------------------------------------------------------------------- 
 a.   Position/status                         Chief Financial Officer 
     --------------------------------------  ------------------------------------- 
 b.   Initial notification                    Initial Notification 
       /Amendment 
     --------------------------------------  ------------------------------------- 
 6.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ----------------------------------------------------------------------------- 
 a.   Name                                    Shanta Gold Limited 
     --------------------------------------  ------------------------------------- 
 b.   LEI                                     2138004VR5BVV1VD7P81 
     --------------------------------------  ------------------------------------- 
 7.   Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions 
       have been conducted 
     ----------------------------------------------------------------------------- 
 a.   Description of                          Ordinary shares of 0.01 pence each 
       the 
       Financial instrument,                   GB00BOC6R828 
       type of instrument 
       Identification 
       code 
     --------------------------------------  ------------------------------------- 
 b.   Nature of the                           Sale of shares 
       transaction 
     --------------------------------------  ------------------------------------- 
 c.   Price(s) and volume(s)                  Price(s)            Volume(s) 
                                               GBP0.129            850,000 
                                               GBP0.130            440,000 
                                               GBP0.131            440,000 
                                               GBP0.135            950,000 
                                               GBP0.141            143,000 
     --------------------------------------  ------------------  ----------------- 
 d.        Aggregated information 
             *    Aggregated volume 
                                                           2,823,000 
                                                           GBP0.132 
             *    Price 
     --------------------------------------  ------------------------------------- 
 e.   Date of the transaction                 16-19 March 2021 
     --------------------------------------  ------------------------------------- 
 f.   Place of the transaction                London Stock Exchange 
     --------------------------------------  ------------------------------------- 
 

About Shanta Gold

Shanta Gold is an East Africa-focused gold producer. It currently has defined ore resources on the New Luika and Singida projects in Tanzania and holds exploration licences covering approximately 1,100 km(2) in the country. Shanta Gold also owns the West Kenya Project in Kenya with defined inferred resources of 1.2 Mt grading 12.6 g/t. Shanta's flagship New Luika Gold Mine commenced production in 2012 and produced 82,978 ounces in 2020. The Company has been admitted to trading on London's AIM market and has approximately 1,048 million shares in issue. For further information please visit: www.shantagold.com.

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March 19, 2021 12:10 ET (16:10 GMT)